The following is Technical Analysis for the Nasdaq ( IXIC ) for 3/13/09Nasdaq Support & Resistance Levels - March 13, 2009
Resistance Levels: 1456, 1483, 1500, 1600
Support Levels: 1400, 1340, 1300, 1253.22, 1193.42, 1108.49
http://stockcharts.com - Chart
The Nasdaq has had an explosive move higher this week and is now above 1400. This level will now become support and when you see a break below 1400, chances are we go back to retest the 10 day moving average at 1340. I am skeptical of the quickness of this move and believe we will test the 10 day moving average soon but it will probably be a lot higher then 1340. The Nasdaq is now in the middle of oversold and overbought. If 1400 continues to hold, look for the 50 day moving average to be tested, a close over this would be huge! For More Technical Analysis - Go Here
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